US Bancorp DE Purchases 9,627 Shares of PROS Holdings, Inc. (NYSE:PRO)

US Bancorp DE raised its stake in PROS Holdings, Inc. (NYSE:PRO) by 136.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,659 shares of the software maker’s stock after acquiring an additional 9,627 shares during the period. US Bancorp DE’s holdings in PROS were worth $309,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of PROS in the 2nd quarter worth about $29,000. Quarry LP bought a new stake in shares of PROS in the 2nd quarter worth about $38,000. Hennion & Walsh Asset Management Inc. increased its holdings in shares of PROS by 27.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 11,141 shares of the software maker’s stock worth $206,000 after buying an additional 2,393 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of PROS in the 2nd quarter worth about $210,000. Finally, Creative Planning bought a new stake in shares of PROS in the 3rd quarter worth about $249,000. 94.27% of the stock is currently owned by institutional investors.

PROS Price Performance

PROS stock opened at $23.11 on Wednesday. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -37.27 and a beta of 1.20. PROS Holdings, Inc. has a 1 year low of $16.64 and a 1 year high of $40.99. The firm has a 50-day moving average of $19.02 and a two-hundred day moving average of $23.64.

PROS (NYSE:PRO) last posted its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. The business had revenue of $82.70 million during the quarter, compared to the consensus estimate of $82.32 million. During the same quarter in the prior year, the firm posted ($0.17) EPS. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Research analysts expect that PROS Holdings, Inc. will post -0.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PRO. Stifel Nicolaus dropped their price target on shares of PROS from $40.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. KeyCorp dropped their price target on shares of PROS from $36.00 to $28.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Needham & Company LLC dropped their price target on shares of PROS from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Bank of America dropped their price target on shares of PROS from $43.00 to $39.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. Finally, Oppenheimer dropped their price target on shares of PROS from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $31.63.

About PROS

PROS Holdings, Inc provides software solutions that optimize the processes of selling and shopping in the digital economy in Europe, the Asia Pacific, the Middle East, Africa, and internationally. The company offers PROS Smart Configure Price Quote that improves sales productivity and accelerate deal velocity by automating common sales tasks; and PROS Smart Price Optimization and Management, which enables businesses to optimize, personalize, and harmonize pricing.